Common use of Distributions on the REMIC Clause in Contracts

Distributions on the REMIC. 1 Regular Interests. (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the extent of Available Funds, to Holders of REMIC 1 Regular Interest LTAA, REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basis, in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest LTZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount; and (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, 98.00% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; provided, however, that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amount; (c) to the Holders of REMIC 1 Regular Interest LTZZ, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, in that order and (ii) REMIC 1 Regular Interest LTZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount 108 shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause.

Distributions on the REMIC. 1 Group 2 Regular Interests. (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Group 2 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class A-R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the extent of Available Funds, to Holders of REMIC 1 Regular Interest LTAA, REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ Interests LT-P and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basisLT-R, in an amount equal to (Ax) the related Uncertificated Accrued Interest for such Distribution Date, plus (By) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as , second, to Holders of Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest LTZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Overcollateralization Target AmountRegular Interests LT-2IO-1 through LT-2IO- 30, by the lesser of pro rata, an amount equal to (x) the amount of related Uncertificated Accrued Interest for such difference and Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and third, second, to Holders of Uncertificated REMIC 1 Regular Interest LT-2, an amount equal to (x) the Maximum related Uncertificated Accrued Interest Deferral Amountfor such Distribution Date, plus (y) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and (ii) second, to the Holders of REMIC 1 Group 2 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as followsin the following order of priority: (a) to the Holders of REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTPInterests LT-2IO-1 through LT-2IO-30, 98.00% of such remaindersequentially, until the Uncertificated Principal Balance of each such Uncertificated REMIC 1 Regular Interest is reduced to zero; provided, however, that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause; (b) to the Holders of REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding CertificatesLT-2, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amount; (c) to the Holders of REMIC 1 Regular Interest LTZZ, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest LT-2 is reduced to zero; and (dc) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, in that order and (ii) REMIC 1 Regular Interest LTZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount 108 shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause.

Distributions on the REMIC. 1 Regular Interests. (a) On each Distribution Date, the Trustee shall cause the Available Distribution Amount, in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Certificate Account and distributed to the holders Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the extent of Available Funds, to Holders of REMIC 1 Regular Interest LTAAAA, REMIC 1 Regular Interest LTA1A-1, REMIC 1 Regular Interest LTA2A-2, REMIC 1 Regular Interest LTA3A-3, REMIC 1 Regular Interest LTA4A-4, REMIC 1 Regular Interest LTM1A-5, REMIC 1 Regular Interest LTM2A-6, REMIC 1 Regular Interest LTM3M-1, REMIC 1 Regular Interest LTM4M-2, REMIC 1 Regular Interest LTM5M-3, REMIC 1 Regular Interest LTM6ZZ, and REMIC 1 Regular Interest LTM7P, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basisRATA, in an amount equal to to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus plus (B) any amounts in respect thereof remaining unpaid from the previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 1 Regular Interest LTZZ ZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Overcollateralized Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount; and, and such amount will be payable to the Holders of REMIC 1 Regular Interest A-1, REMIC 1 Regular Interest A-2, REMIC 1 Regular Interest A-3, REMIC 1 Regular Interest M-1, REMIC 1 Regular Interest M-2 and REMIC 1 Regular Interest M-3 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates and the Uncertificated Principal Balance of REMIC I Regular Interest ZZ shall be increased by such amount; (ii) second, to the Holders of REMIC 1 Regular Interest P, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts on the Corresponding Certificate and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause; (iii) to the Holders of the REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause clauses (i) and (ii) above, allocated as follows: (aA) to the Holders of REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTPAA, 98.0098% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; provided, however, that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause; (bB) to the Holders of REMIC 1 Regular Interest LTA1A-1, REMIC 1 Regular Interest LTA2A-2, REMIC 1 Regular Interest LTA3A-3, REMIC 1 Regular Interest LTA4A-4, REMIC 1 Regular Interest LTM1A-5, REMIC 1 Regular Interest LTM2A-6, REMIC 1 Regular Interest LTM3M-1, REMIC 1 Regular Interest LTM4M-2, REMIC 1 Regular Interest LTM5M-3, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.001% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amountzero; (cC) to the Holders of REMIC 1 Regular Interest LTZZZZ, 1.001% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; and (dD) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that (i) 98.0098% and (ii) 2.002% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LTAA AA and REMIC 1 Regular Interest LTP, in that order and (ii) REMIC 1 Regular Interest LTZZZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount 108 shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause.

Distributions on the REMIC. 1 A1 Regular Interests. (a) Interests and the Class R-A1 Interest. On each Distribution Date, the Trustee shall cause following amounts, in the following order of priority, the following amounts to shall be deemed distributed by REMIC 1 A1 to REMIC 2 A2 on account of the REMIC 1 A1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the 173 Class R Certificates (in respect of the Class R-1 R-A1 Interest), as the case may be: (i) first, to the extent of Available Fundsthe Group II Interest Remittance Amount attributable to the Group II Mortgage Loans with original terms to maturity in excess of 30 years, to Holders of REMIC 1 A1 Regular Interest LTAAII-40, REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basis, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC A1 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest LTZZ shall be reduced and deferred when Dates to the extent equivalent amounts are distributed to the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount; andA2 Regular Interests; (ii) secondto the extent of the Group II Interest Remittance Amount attributable to the Group II Mortgage Loans with original terms to maturity of 30 years or less, to the Holders of REMIC 1 A1 Regular InterestsInterest II-30, in an amount equal to the remainder of the Available Funds (A) Uncertificated Accrued Interest for such REMIC A1 Regular Interest for such Distribution Date Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates to the extent equivalent amounts are distributed to the REMIC A2 Regular Interests; (iii) to the extent of t he Group II Interest Remittance Amount and Group II Principal Remittance Amount attributable to the Group II Mortgage Loans with original terms to maturity in excess of 30 years remaining after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC 1 A1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, 98.00% of such remainder, II-40 until the Uncertificated Principal Balance of such Uncertificated REMIC 1 A1 Regular Interest is reduced to zero; provided, however, that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause; (biv) to the Holders extent of the Group II Interest Remittance Amount and Group II Principal Remittance Amount attributable to the Group II Mortgage Loans with original terms to maturity of 30 years or less remaining after distributions pursuant to clause (ii) above, to REMIC 1 A1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, II-30 until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amount; (c) to the Holders of REMIC 1 Regular Interest LTZZ, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 A1 Regular Interest is reduced to zero; and; (dv) to REMIC A1 Regular Interest II-40, all amounts representing Prepayment Premiums in respect of the Group II Mortgage Loans received by the Securities Administrator; (vi) any remaining amount to the Holders of the Class R Certificates Certificate (in respect of the Class R-1 R-A1 Interest); providedand (vii) Notwithstanding anything to the contrary above, howeveron each Distribution Date, that distributions, losses and Deferred Interest shall be deemed allocated to the REMIC A1 Regular Interests such that: (iA) 98.00% and (ii) 2.00% as of any principal payments that are attributable date, the aggregate Uncertificated Balance of the REMIC A1 Regular Interests shall equal the aggregate Stated Principal Balance of the Group II Mortgage Loans, and (B) the aggregate amount deemed distributed in respect of Uncertificated Accrued Interest with respect to an Overcollateralization Release Amount the REMIC A1 Regular Interests shall equal and shall in no event exceed the aggregate amount of interest actually distributed to the REMIC A3 Regular Interests and any accrued and unpaid interest with respect to Uncertificated Accrued Interest shall be allocated carried and paid to Holders of (i) REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, the 174 extent paid in that order and (ii) REMIC 1 Regular Interest LTZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified aggregate on the Prepayment Charge Schedule or any REMIC A3 Regular Interests on following Distribution Date thereafter, at which point such amount 108 shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clauseDates.

Distributions on the REMIC. 1 I Regular Interests and the REMIC II Regular Interests. (I) Distributions on the REMIC I Regular Interests. (a) On each Distribution Date, the Trustee shall cause following amounts, in the following order of priority, the following amounts to shall be deemed distributed by REMIC 1 I to REMIC 2 III on account of the REMIC 1 I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may beInterests: (i) first, to the extent of the Available FundsDistribution Amount, to the Holders of the REMIC 1 I Regular Interest LTAAInterests, REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basispro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 I Regular Interest LTZZ ZZ on a Distribution Date shall be reduced and deferred when the REMIC 1 I Overcollateralization Amount is less than the REMIC 1 I Required Overcollateralization Target AmountAmount for such Distribution Date, by the lesser of (x) the amount of such difference and (y) the REMIC I Regular Interest ZZ Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to the Holders of REMIC I Regular Interest A-I-1, REMIC I Regular Interest A-I-2, REMIC Regular Interest A-I-3, REMIC I Regular Interest M-I-1, REMIC I Regular Interest M-I-2, REMIC I Regular Interest M-I-3, REMIC I Regular Interest M-I-4, REMIC I Regular Interest M-I-5 and REMIC Regular Interest B-I-1 in the same proportion as the Overcollateralization Increase Amount is distributed to the Corresponding Class for each such REMIC I Regular Interest, respectively, on such Distribution Date and the Uncertificated Principal Balance of REMIC I Regular Interest ZZ shall be increased by such amount; and (ii) secondon each Distribution Date, to the Holders of REMIC 1 I Regular Interests, Interests in an amount equal to the remainder of the Available Funds for such Distribution Date Amount after the distributions made pursuant to clause (i) above, allocated as follows: follows (aexcept as provided below): (A) to the Holders of the REMIC 1 I Regular Interest LTAA and REMIC 1 Regular Interest LTPAA, 98.00% of such remainder, remainder until the Uncertificated Principal Balance of such Uncertificated REMIC 1 I Regular Interest is reduced to zero; provided, however, that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause; (bB) to the Holders of the 153 REMIC 1 I Regular Interest LTA1Interests A-I-1, REMIC 1 Regular Interest LTA2A-I-2, REMIC 1 Regular Interest LTA3A-I-3, REMIC 1 Regular Interest LTA4M-I-1, REMIC 1 Regular Interest LTM1M-X-0, REMIC 1 Regular Interest LTM2X-X-0, REMIC 1 Regular Interest LTM3X-X-0, REMIC 1 Regular Interest LTM4X-X-0, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.00X-X-0 0.00% of such remainderxx xxxx xemainder, in the same proportion as principal payments are allocated to the Corresponding CertificatesClass for each such REMIC I Regular Interest, respectively, until the Uncertificated Principal Balances Balance of each such REMIC 1 I Regular Interests are Interest is reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amount; zero; (cC) to the Holders of the REMIC 1 I Regular Interest LTZZZZ, 1.00% of such remainder, remainder until the Uncertificated Principal Balance of such REMIC 1 I Regular Interest is reduced to zero; and and (dD) any remaining amount amounts to the Holders of the Class R Certificates (in respect of the Class R-1 Interest)R-I Certificates; provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an a Overcollateralization Release Reduction Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, in that order and (ii) REMIC 1 Regular Interest LTZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount 108 shall be distributed to Holders of REMIC 1 I Regular Interest LTPAA and REMIC I Regular Interest ZZ, respectively. (iii) All Realized Losses on the Group I Loans shall be allocated on each Distribution Date to the following REMIC I Regular Interests in the specified percentages, as follows: first, to Uncertificated Accrued Interest payable to the REMIC I Regular Interests AA and ZZ up to an aggregate amount equal to the excess of (a) the REMIC I Interest Loss Allocation Amount over (b) Prepayment Interest Shortfalls relating to the Group I Loans for such Distribution Date, 98% and 2%, respectively; second, to the Uncertificated Principal Balances of the REMIC I Regular Interests AA and ZZ up to an aggregate amount equal to the REMIC I Principal Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, B-I-1 and ZZ, 98%, 1% and 1%, respectively, until $100 the Uncertificated Balance of REMIC I Regular Interest B-I-1 has been reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, M-I-5, and ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest M-I-5 has been reduced to zero; fifth, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, M-I-4, and ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest M-I-4 has been reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, M-I-3, and ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC I Regular Interest M-I-3 has been reduced to zero; seventh, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, M-I-2, and ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of REMIC I Regular Interest M-I-2 has been reduced to zero; eighth, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, M-I-1, and ZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of REMIC I Regular Interest M-I-1 has been reduced to zero; and ninth, to the Uncertificated Principal Balances of REMIC I Regular Interests AA, 98%, A-I-1, A-I-2 and A-I-3 1% pro ratx, xxx XX, 0%, until the Uncertificated Balance of each of REMIC I Regular Interests A-I-1, A-I-2 and A-I-3 have been reduced to zero. (b) Notwithstanding the deemed distributions on the REMIC I Regular Interests described in this Section 10.03(I), distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02. (II) Distributions on the REMIC II Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be deemed distributed pursuant by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) On each Distribution Date the Trustee shall be deemed to distribute to itself on a pro rata basis, as the holder of the REMIC II Regular Interests, Uncertificated Accrued Interest on the REMIC II Regular Interests for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date. (ii) On each Distribution Date, distributions of principal shall be deemed to be made to the REMIC II Regular Interest II-A-II, REMIC II Regular Interest II-M-II-1, REMIC II Regular Interest II-M-II-2, REMIC II Regular Interest II-M-II-3, REMIC II Regular Interest II-M-II-4, REMIC II Regular Interest II-B-II-1, REMIC II Regular Interest II-B-II-2 and REMIC 2 Regular Interest II-B-II-3, from the Loan Group II, in that order. Realized Losses from Loan Group II shall be applied after all distributions have been made on each Distribution Date, to REMIC II Regular Interest B-II-3, REMIC II Regular Interest B-II-2, REMIC II Regular Interest B-II-1, REMIC II Regular Interest M-II-4, REMIC II Regular Interest M-II-3, REMIC II Regular Interest M-II-2 and then to the REMIC II Regular Interest M-II-1, in that order. (b) Notwithstanding the deemed distributions on the REMIC II Regular Interests described in this clause.Section 10.03(II), distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02. 155

Distributions on the REMIC. 1 Regular Interests. (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: (i) first, to the extent of Available Funds, to Holders of REMIC 1 Regular Interest LTAA, REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTA5, REMIC 1 Regular Interest LTA6, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9, REMIC 1 Regular Interest LTB, REMIC 1 Regular Interest LTZZ and 107 REMIC 1 Regular Interest LTP, on a PRO RATA basis, in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 2 1 Regular Interest LTZZ shall be reduced and deferred when the REMIC 1 Overcollateralization Amount is less than the REMIC 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum Uncertificated Accrued Interest Deferral Amount; and (ii) second, to the Holders of REMIC 1 Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows: (a) to the Holders of REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, 98.00% of such remainder, until the Uncertificated Principal Balance of such Uncertificated REMIC 1 Regular Interest is reduced to zero; provided, however, that REMIC 2 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause;; 109 (b) to the Holders of REMIC 1 Regular Interest LTA1, REMIC 1 Regular Interest LTA2, REMIC 1 Regular Interest LTA3, REMIC 1 Regular Interest LTA4, REMIC 1 Regular Interest LTA5, REMIC 1 Regular Interest LTA6, REMIC 1 Regular Interest LTM1, REMIC 1 Regular Interest LTM2, REMIC 1 Regular Interest LTM3, REMIC 1 Regular Interest LTM4, REMIC 1 Regular Interest LTM5, REMIC 1 Regular Interest LTM6, REMIC 1 Regular Interest LTM7, REMIC 1 Regular Interest LTM8, REMIC 1 Regular Interest LTM9 and REMIC 1 Regular Interest LTB, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Principal Balances of such REMIC 1 Regular Interests are reduced to zero and the Uncertificated Principal Balance of REMIC 1 Regular Interest LTZZ shall be increased by such amount; (c) to the Holders of REMIC 1 Regular Interest LTZZ, 1.00% of such remainder, until the Uncertificated Principal Balance of such REMIC 1 Regular Interest is reduced to zero; and (d) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest); provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC 1 Regular Interest LTAA and REMIC 1 Regular Interest LTP, in that order and (ii) REMIC 1 Regular Interest LTZZ, respectively; provided that REMIC 1 Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount 108 shall be distributed to REMIC 1 Regular Interest LTP, until $100 has been distributed pursuant to this clause.